Tableau Software, Inc. (DATA) Receives “Buy” Rating from Barclays PLC

Barclays PLC reaffirmed their buy rating on shares of Tableau Software, Inc. (NYSE:DATA) in a research report released on Wednesday morning. They currently have a $80.00 price target on the software company’s stock.

Several other research analysts also recently commented on the stock. Wedbush reaffirmed an outperform rating and issued a $84.00 price objective on shares of Tableau Software in a report on Wednesday. Royal Bank Of Canada reaffirmed a sector perform rating and issued a $75.00 price objective (up from $70.00) on shares of Tableau Software in a report on Wednesday. Jefferies Group LLC reaffirmed a hold rating and issued a $58.00 price objective on shares of Tableau Software in a report on Sunday. Robert W. Baird set a $68.00 price objective on shares of Tableau Software and gave the stock a hold rating in a report on Friday, October 6th. Finally, KeyCorp reaffirmed a buy rating and issued a $85.00 price objective on shares of Tableau Software in a report on Friday, October 6th. Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, fifteen have issued a buy rating and two have given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of $67.00.

Tableau Software (NYSE:DATA) last released its earnings results on Wednesday, August 2nd. The software company reported $0.10 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.15. Tableau Software had a negative net margin of 17.08% and a negative return on equity of 18.71%. The firm had revenue of $212.90 million during the quarter, compared to the consensus estimate of $210.72 million. Tableau Software’s quarterly revenue was up 7.3% compared to the same quarter last year.

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In other Tableau Software news, insider Chris Stolte sold 225,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $70.59, for a total value of $15,882,750.00. Following the completion of the transaction, the insider now directly owns 153,702 shares in the company, valued at $10,849,824.18. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director William Bosworth sold 450 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $71.52, for a total transaction of $32,184.00. Following the completion of the transaction, the director now owns 9,099 shares of the company’s stock, valued at $650,760.48. The disclosure for this sale can be found here. Insiders have sold 1,160,559 shares of company stock valued at $81,744,364 over the last three months. 28.98% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. Lord Abbett & CO. LLC bought a new position in shares of Tableau Software in the second quarter worth approximately $11,938,000. Dynamic Technology Lab Private Ltd boosted its position in shares of Tableau Software by 68.0% in the second quarter. Dynamic Technology Lab Private Ltd now owns 14,011 shares of the software company’s stock worth $858,000 after purchasing an additional 5,669 shares during the period. Public Employees Retirement System of Ohio boosted its position in shares of Tableau Software by 80.6% in the second quarter. Public Employees Retirement System of Ohio now owns 25,003 shares of the software company’s stock worth $1,532,000 after purchasing an additional 11,155 shares during the period. Sterling Capital Management LLC bought a new position in shares of Tableau Software in the second quarter worth approximately $1,607,000. Finally, Nomura Holdings Inc. bought a new position in shares of Tableau Software in the second quarter worth approximately $491,000. Institutional investors and hedge funds own 77.61% of the company’s stock.

About Tableau Software

Tableau Software, Inc (Tableau) offers software products. The Company’s products are used by people of diverse skill levels across all kinds of organizations. The Company’s products are used by people of skill levels across all kinds of organizations. Its technologies include visual query language (VizQL) and Hybrid Data Architecture.

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